U.S. Crude Stocks Fall 4.5 Million Barrels as Refinery Activity Rises
U.S. commercial crude oil inventories declined by 4.5 million barrels in the week ending August 28 to 424.5 million barrels, according to Energy Information Administration data. The draw was larger than analysts had forecast. Refinery runs increased and utilization rose, while gasoline inventories fell and distillate supplies unexpectedly climbed. …